New ASIC regulations aim to improve transparency in the life insurance industry.
Data on the outcomes of life insurance claims will not only help individual customers but also financial advisers and super funds acting on behalf of consumers.
Many Australians will not benefit from the Financial Services Council’s new life insurance code, Gail Pearson says.
The Financial Services Council code of conduct for life insurance is the industry's last chance to reform before the government steps in.
Is the rise of big data and the use of algorithms by businesses to blame for modern society's ills?
Hurricane Wilma in 2005 was the last major storm to rock Florida – and its insurance market.
Even though Hurricane Matthew has been downgraded to category 3, it's expected to cause substantial damage to Florida and other states in the region. The question is, who pays.
Health Insurers should be offering insurance that covers primary care, Paolucci argues.
Business Briefing: treat the cause not the symptoms of problems with private health insurance
The Conversation 11 Mo (download)
If customers are questioning the value of private health insurance its because of the way the system is distorted by government incentives.
Self-driving technology could change the way the insurance industry works, with carmakers on the hook.
Changes to life insurance commissions may reduce the incentive for advisers to churn customers through policies.
The life insurance industry has been put on notice about its commissions.
The fears about the City don't look overcooked – here's why.
Damaged property in Sydney following recent wild weather.
AAP Image/David Moir
Wild seas have left beaches eroded and houses close to collapse.
We asked two academics to check the claim by Michael Gove that the EU court has been grabbing power.
It’s stormy conditions in share markets and a competitive sector, not natural disasters, that will define the outlook for the insurance sector.
The outlook for the insurance sector will depend less on natural disasters and more on how the big insurers respond to smaller competitors and the use of technology in assessing policies.
Commonwealth Bank CEO Ian Narev and CFO David Craig have a new risk problem on their hands.
If ASIC gets its way and 'conduct risk' is regulated, banks might get serious about systematic problems.
Detractors of Airbnb hold protest signs in a rally in New York.
Moves to legalise Uber and Airbnb are paving the way for better protection of all parties involved.
Reflecting on flood insurance
Insuring the most at-risk homes should become easier after April, but the latest deluge makes the new scheme look fragile.
Around 20% of Australians are not insured against disasters, and even a quarter of those who do may be under-covered.
AAP Image/Jason Webster
As the fire season returns, insurance claims against disasters will only increase. But new research suggests that under-insurance is a major problem facing many Australian households.
This is her first car, and it may be the last one she owns.
Automated vehicles are set to shake up the business model of the automotive industry, resulting in less people owning cars and many more sharing instead.
Raging – and costly.
US National Parks Service
Federal agencies pay much of the cost to fight forest fires, which means taxpayers are subsidizing the risky practice of building more homes at the wildland-urban interface.
When will the next big one strike?
Hurricane via www.shutterstock.com
A look at the Florida insurance market following the flurry of severe hurricanes in 2004-2005 shows that pooling risk can cut losses.
Alice Springs has been prone to severe flooding.
The announcement yesterday by the Northern Territory government that it is selling the Territory Insurance Office’s insurance assets to Allianz Australia for A$236 million has many worried their premiums…
In the lead-up to the London G20 summit in 2009, many businesses were boarded up, and some removed company logos from their premises.
When the G20/G8 summits moved on from Toronto in 2010, they left an US$11 million bill in business compensation claims. To minimise the effect of preparations on businesses preparing for next month’s G20…